The EIB will lend EUR 10 million in synthetic local currency to Credo Bank, the leading actor on microfinance market in Georgia predominantly servicing enterprises in rural areas and agricultural sector; This is the second loan under the EIB`s Georgia Outreach Initiative launched to improve access to finance for the country`s MSMEs. Loans will be available under flexible terms to help maintain liquidity of MSMEs to continue operating and preserve jobs; The loan comes as a part of the immediate response to Covid-19 pandemic launched by the EU and its Team Europe and is facilitated by an EU grant. The European…
Read More »The EIB will lend EUR 10 million in synthetic local currency to Credo Bank, the leading actor on microfinance market in Georgia predominantly servicing enterprises in rural areas and agricultural sector; This is the second loan under the EIB`s Georgia Outreach Initiative launched to improve access to finance for the country`s MSMEs. Loans will be available…
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